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IMO’s MEPC progresses work on air pollution and energy efficiency



The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 67th session from 13 to 17 October 2014, at IMO Headquarters in London...








After the summer lull, September brought firmness in shipping investments for secondhand and newbuilding vessels, but also stronger scrapping activity as the downward pressure in freight market persists in all vessel segments and sizes. However, shipping confidence has lost ground during the third quarter of the year from the sharp plunging of Baltic Dry Index and this is reflected in the weaker pace of newbuilding investments as ordering appetite decreased almost by 1⁄2 from last year’s monthly activity...


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Dynagas LNG Partners announced that its Board of Directors has declared a quarterly cash distribution for Q3 of US$ 0.39 per unit.
DryShips announced today that it launched an offering of its common stock, par value $0.01 per share. RS Platou Markets, Inc. and Pareto Securities Inc. are acting as joint lead managers, joint bookrunners and placement agents in the offering.
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v “Triton”.
Diana Containerships, a global shipping company specializing in the ownership of containerships, today announced that it has agreed to extend the present time charter contract with A.P. Møller-Maersk A/S, for its Panamax container vessel, the m/v Sagitta, for a period of minimum ten (10) months to maximum twelve (12) months.
Royal Caribbean Cruises Ltd, the world's second-largest cruise operator, reported a 34 percent jump in quarterly profit as bookings rose for its Asia and Europe cruises.
High-cost energy projects globally will struggle to stay profitable if crude oil prices stay around $80 a barrel to $85 a barrel and some proposed developments may be shelved, according to Oil Search Ltd.
Wärtsilä has released an interim report for the first nine months of 2014, reporting good development in order intake and profitability. Commenting on the results, Bjorn Rosengren, President and CEO, said: “The third quarter was characterised by the strong development in order intake..."
OW's third quarter earnings were hit by unrealised risk management loss. Full-year volume outlook lowered to focus on higher margin business...
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